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282 NON, 'lHER.EF'(EE BE IT RESOLVED by the City Council of the City of Hastings, Minnesota: 1. '!hat twenty percent (20%) of the cost of such improvanents shall be assessed against the benefitted property. '!he remainder of the cost shall be paid for fran other City sources. 2. Such proposed assessments, a copy of which is attached hereto and made a part hereof is hereby accepted and shall constitute the special assessments against the lands therein, and each tract of land therein included is hereby found to be benefited by the pro- posed improvement in the amount of the assessment against it. 3. Such assessment shall pe payable in equal installments extending over a period of 10 years, the first of the instalJments to be payable on or before the first Monday of January, 1981. Any deferred installments shall bear interest at the rate of eight percent (8%) per annum. To the first instal1ments shall be added interest on the entire assessment, fran the date of this assessment resolution until Decenber 31, 1981. To each subsequent installment when due shall be added interest for one year on all unpaid install- ments. 4. '!he ONIler of any property so assessed may, for 30 days after notification fran the City Treasurer, pay to the City Treasurer, the whole of the assessment without interest, and he may at any time, prior to certification of the assessments to the County Audi tor, as herein provided, pay the whole of the assessment against any parcel with interest accrued to the date of payment to the City Treasurer, and he may at any time thereafter pay the County Treasurer the entire amount of the assessment remaining unpaid. 5. The City Clerk shall forthwith transnit a certified duplicate of this assessment to the County Auditor to be extended on the proper tax lists of the County and such assessment shall be collected and paid over in the same manner as other municipal taxes. Adopted by the City Council of the City of Hastings Minnesota this ~ of August, 1980. Copy of resolution #51-80 with list of indi idual as file in the City Engineer of~ice and also in Resolution Book for City Clerk's office at City Hall. Moved by Counci1man Shannon, seconded by CounciJman ADJOORN to adjourn the meeting at 10:00 P.M. Ayes, 8; Nayes, none. A~T 'il II ~ - !:S_"" ,::"', .1 .:::... " ~~;;lI~.J,;;t...~;~ '1f.IJ:t~ ~; ~ ~_.J I' U r: U